Age of householder
Per the latest American Community Survey by the Census Bureau, Bear Lake township sees its highest median household income among householders in the age group of 65 years and over old, at $68,097. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bear Lake township, the median household income stands at $68,097 for householders within the 65 years and over age group, followed by $53,554 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $46,614.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $31,133(84.23%), escalating from a median of $36,964 in 2011 to $68,097 in 2021.
- 0 households where the householder is under 25 years old.
- 60(18.18%) households with a householder aged between 25 and 44 years.
- 118(35.76%) households with a householder aged between 45 and 64 years.
- 152(46.06%) households where the householder is over 65 years old.
Read more about Bear Lake township, Kalkaska County, Michigan median household income by age ➔
Gender
In Bear Lake township, the population consists of 366 males (52.51%) and 331 females (47.49%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bear Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,679 for males and $18,916 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $39,521 for males and $46,164 for females.
- In Bear Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,679 for males and $18,916 for females.
- In Bear Lake township, among full-time, year-round workers aged 15 years and older, males earned a median income of $39,521, while females earned $46,164
Read more about Bear Lake township, Kalkaska County, Michigan income by gender ➔
Race
In Bear Lake township, the population is predominantly White, constituting 93.69% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $57,423.
- In Bear Lake township, White is both the largest group and the one with the highest median household income, which stands at $57,423.
- In Bear Lake township, the median household income for the households where the householder is White increased by $15,394(36.63%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,029 in 2011 and $57,423 in 2021.
- As per the U.S. Census Bureau population data, in Bear Lake township, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
Read more about Bear Lake township, Kalkaska County, Michigan median household income by race ➔
Year by year
Bear Lake township, Kalkaska County, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bear Lake township increased by $13,790 (31.36%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 12,226 (from $40,345 to $52,571). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 5,645 (from $52,571 to $46,926).
- It then further increased to $104,038 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4408, it is evident that income distribution in Bear Lake township, Kalkaska County, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $66,881. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $38,102.
Read more about Bear Lake township, Kalkaska County, Michigan median household income ➔